Business


Google may be introducing a Snapchat Discover-like feature Google may be introducing a Snapchat Discover-like feature
- August 08, 2017

The name Stamp echoes an existing Google product, Accelerated Mobile Pages, or AMP, that allows for faster loading of online news stories. Snapchat took the millennials by a storm when it launched, but gained even more popularity from 2014 onwards when the company brought some interesting features to it. (more...)
Traders Sell Bristol-Myers Squibb Company (BMY) on Strength Following Analyst Downgrade
- August 08, 2017

The stock rose 0.04% or $0.03 reaching $55.96 per share. About 4,488 shares traded. Celgene Corp (NASDAQ:CELG) was reduced too. It has underperformed by 16.70% the S&P500. Samuels II acquired 6,000 shares of the business's stock in a transaction dated Wednesday, August 2nd. Bristol-Myers Squibb Company (NYSE:BMY) opened at 56.30 on Tuesday. (more...)
CVS Health Corporation (NYSE:CVS) Shares Sold by Armstrong Shaw Associates Inc CVS Health Corporation (NYSE:CVS) Shares Sold by Armstrong Shaw Associates Inc
- August 08, 2017

The Hong Kong-based Point72 Asia (Hong Kong) Limited has invested 0.1% in SYSCO Corporation (NYSE:SYY). Brown Advisory Inc. now owns 256,740 shares of the pharmacy operator's stock worth $20,260,000 after buying an additional 59,809 shares during the last quarter. (more...)
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- August 08, 2017

Things haven't quite panned out the way it had hoped though, and earlier this year Valeant sold off its Dendreon unit and iNova Pharmaceuticals business for US$810mln and US$930mln respectively, both of which it acquired during that furious spate of deal-making. (more...)
Sirius XM Holdings Inc. (SIRI) Shares Sold by Xact Kapitalforvaltning AB
- August 08, 2017

The following firms have also recently changed their position in SIRI . The stock now has Weekly Volatility of 2.37% and Monthly Volatility of 1.87%. Its book value per share for the most recent quarter is $-0.22 while its price to book ratio for the same period is 0, as for as the company's cash per share for the most recent quarter is $0.01, however its price to cash per share ratio for the same period is 609.31. (more...)
Sri Lankan Navy detains 9 Indian fishermen, interrogated at Kankesanthurai Naval camp Sri Lankan Navy detains 9 Indian fishermen, interrogated at Kankesanthurai Naval camp
- August 08, 2017

They have been accused of indulging in bottom trawling which is outlawed in Sri Lanka , Naval spokesman Commander Chaminda Walakuluge said. Sri Lanka Navy arrests 49 Indian fishermen in 12 trawlers for poaching Tue, Aug 8, 2017, 07:03 pm SL Time, ColomboPage News Desk, Sri Lanka. (more...)
Standard Life pulls £5.6bn out of key fund Standard Life pulls £5.6bn out of key fund
- August 08, 2017

United Kingdom insurer Standard Life saw net outflows of £3.7bn in the first half of the year, with withdrawals from its flagship fund weighing on performance at its asset management business. As of 09:05 BST, Standard Life's share price had lost 2.21 percent to 433.50p, underperforming the broader United Kingdom market, with the benchmark FTSE 100 index now standing 0.02 percent lower at 7,530.33 points. (more...)
Moro aceita denúncia contra Lula Moro aceita denúncia contra Lula
- August 08, 2017

Lula já foi condenado no caso do tríplex em Guarujá e é julgado agora em cinco ações, duas em Curitiba e três em Brasília. Sérgio Moro também recebeu a denúncia contra: Marcelo Odebrecht , ex-presidente da Odebrecht ( corrupção ativa); José Adelmário Pinheiro, o Léo Pinheiro, dono da OAS ( corrupção ativa e lavagem de dinheiro); José Carlos Bumlai , pecuarista ( lavagem de dinheiro); Agenor Franklin Medeiros, ex-executivo da OAS ( corrupção ativa); Rogério Aurélio ... (more...)
McDonald's seeks bigger bite in China with strategic tie-up McDonald's seeks bigger bite in China with strategic tie-up
- August 08, 2017

The new plans come after McDonald's sold off most of the China business to state-owned investment house Citic and global asset manager Carlyle, saying they would bring a better understanding of the local market. The new partnership becomes the largest McDonald's franchisee outside the US. "We are excited to join forces with CITIC and Carlyle for better localized decision-making to meet changing customer demands in this dynamic market", Steve Easterbrook, McDonald's chief executive, told Reuters. (more...)
Mazda Working On Squeaky Clean Skyactiv-X Supercharged Petrol Engines Mazda Working On Squeaky Clean Skyactiv-X Supercharged Petrol Engines
- August 08, 2017

The systerm, labelled Spark Controlled Compression Ignition , mixes petrol and air together in the engine's cylinder like a regular spark ignition engine, but then ignites it using compression as well as a spark. SkyActiv-X will avoid the issue by operating as a conventional, spark plug-ignited engine when conditions demand it. The new Skyactiv-X engines will also come fitted with a supercharger for an increased torque by 10 to 30 percent when compared to today's Skyactiv-G engines. (more...)
Companies face fines of £17m for poor cyber security Companies face fines of £17m for poor cyber security
- August 08, 2017

DCMS considers the fines could also amount to 4 percent of an organization's global turnover, as part of a drive to make Britain's essential networks and infrastructure safe, secure and resilient against the risk of future cyber attacks. Together, the NIS Directive and the GDPR are expected to force companies operating in the European Union to become more cyber resilient and develop robust incident response plans. (more...)
'Jab Harry Met Sejal' has a huge drop in numbers on Monday 'Jab Harry Met Sejal' has a huge drop in numbers on Monday
- August 08, 2017

As a matter of fact, this is Shah Rukh Khan's most tiresome film in recent years. The film could not benefit from the partial holiday and saw a dip of over 50 per cent on Monday. Hopes were high from the movie, especially since " Tubelight " and "Jagga Jasoos" - starring Salman Khan and Ranbir Kapoor respectively - failed to elicit the expected response at the ticket counters. (more...)
Rite Aid Corporation (RAD) Shares Sold by Boston Advisors LLC
- August 08, 2017

The firm has "Neutral" rating by Credit Suisse given on Thursday, October 29. The stock has "Underperform" rating by Evercore on Friday, June 30. 09/18/2015 - Rite Aid Corporation had its "buy" rating reiterated by analysts at UBS. Glg Partners LP invested 0.88% of its portfolio in Rite Aid Corporation (NYSE:RAD). Jefferies downgraded the shares of SWN in report on Friday, February 26 to "Underperform" rating. (more...)
OneSavings Bank PLC (LON:OSB) Receives GBX 450 Average PT from Analysts OneSavings Bank PLC (LON:OSB) Receives GBX 450 Average PT from Analysts
- August 08, 2017

The firm has "Buy" rating given on Monday, April 4 by Peel Hunt. The average 12-month target price among brokerages that have covered the stock in the previous year is GBX 450 ($5.94). On Tuesday, May 23 the stock rating was initiated by JMP Securities with "Mkt Outperform". The rating was maintained by UBS with "Neutral" on Thursday, November 26. (more...)
RPS Group plc's (RPS) Buy Rating Reaffirmed at Liberum Capital RPS Group plc's (RPS) Buy Rating Reaffirmed at Liberum Capital
- August 08, 2017

FinnCap maintained the stock with "Corporate" rating in Tuesday, January 5 report. HSBC Holdings restated a "buy" recommendation and given a GBX 380 ($4.95) price objective on the stock of Glencore in a study report published on Fri, Jul 28th. (more...)
Kinross Gold Corporation (NYSE:KGC) 52 Week High stands at 5.56
- August 08, 2017

Finally, Royal Bank Of Canada raised their price objective on Kinross Gold to C$6.50 and gave the company an "outperform" rating in a research report on Tuesday, May 9th. TRADEMARK VIOLATION NOTICE: This story was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another website, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark legislation. (more...)
Morrisons to sell UK's longest sausage roll Morrisons to sell UK's longest sausage roll
- August 08, 2017

Morrisons has launched what is believed to be the largest sausage roll in the United Kingdom, measuring a foot long. The twelve-inch beast of pastry and sausage meat weighs in at a close to half a kilogram and is believed to be the largest sausage roll on sale at any United Kingdom supermarket . (more...)
Pioneer Natural Resources Company
- August 08, 2017

It has outperformed by 15.26% the S&P500. Its stake was valued at $96,761,000 a decrease of 10.3% according to the filing. The stock increased 0.24% or $0.32 on August 4, reaching $135.34. Forbis Mark S sold $87,071 worth of stock. Stewart Stephanie D had sold 900 shares worth $171,900 on Monday, February 27. CHEATWOOD CHRIS J sold $999,119 worth of stock. (more...)
Cenovus Energy Inc (CVE) PT Raised to C$9.00
- August 08, 2017

Comerica Bank increased its stake in Cenovus Energy by 7.4% in the fourth quarter. Teachers Advisors LLC now owns 4,117,655 shares of the oil and gas company's stock worth $62,300,000 after buying an additional 1,799,502 shares during the last quarter. (more...)
Active Volume Stock: Glu Mobile, Inc. (GLUU)
- August 08, 2017

This is based on the research brokerage reports taken into consideration by Thomson Reuters. Stifel Nicolaus now has a $2.80 price target on the stock. Equities research analysts forecast that Glu Mobile will post ($0.09) earnings per share for the current fiscal year. The stock of Glu Mobile Inc. (more...)
HC lifts ban on 20-feet limit for Dahi Handi pyramids HC lifts ban on 20-feet limit for Dahi Handi pyramids
- August 08, 2017

With almost 1,000 mandals and Govinda brigades, Mumbai is one of the biggest centres for " Dahi Handi " celebrations on Janmashtami that marks Lord Krishna's birth. The HC said that deciding on the height of the human pyramid would be an encroachment on the legislature's jurisdiction, which is free to enact on the appropriate height of the human pyramid. (more...)
Performance Focus on Shares of Coca-Cola European Partners plc (NYSE:CCE) Performance Focus on Shares of Coca-Cola European Partners plc (NYSE:CCE)
- August 08, 2017

The third largest holder is Blackrock Inc., which now holds $10.96 billion worth of this stock and that ownership represents almost 5.63% of its market capitalization. Shareholders of record on Friday, July 28th will be given a $0.25 dividend. This represents a $1.48 annualized dividend and a yield of 3.24%. The firm has "Corporate" rating given on Tuesday, June 27 by N+1 Singer. (more...)
Number of income tax returns filed goes up 24.7% Number of income tax returns filed goes up 24.7%
- August 08, 2017

With the Centre tightening the screws on black-money holders, the number of income-tax returns (ITRs) filed this fiscal year has risen almost 25 per cent. "The increase in number of income tax returns reflects increased compliance level, addition of new taxpayers and result of inquiries made by the tax department after demonetisation ". (more...)
Tata Steel clocks net of Rs 921 crore Tata Steel clocks net of Rs 921 crore
- August 08, 2017

Exceptional items were Rs 617 crore, mainly relating to provision for mining related litigation. In the same quarter a year ago, the company had reported a net loss of Rs3,183 crore. "From a sequential perspective, there was inventory destocking across the channel in the run-up to the GST implementation, which led to a drop in volumes". (more...)
Passengers Wary Of Pilotless Planes In Spite Of Fare Reductions Passengers Wary Of Pilotless Planes In Spite Of Fare Reductions
- August 08, 2017

That said, the yoof seems more keen: 30 per cent of those aged between 18 and 34 said they are willing to give it a go. Out of the 8,000 people surveyed for the report , more than half said they were unwilling to travel in a pilotless plane, even if the price was cheaper. (more...)